Bill Gates moves down on the Billionaire list

Billy may not be the world's richest man anymore. Is he sad? Not a chance, he still makes more than you.

Carlos Slim, who was number 3 on the Forbes World's Richest People list last year breezed right by Gates on the global wealth chart recently. The Latin American tycoon dumped his shares in MCI and Altria to use the proceeds to fund his buyout of the Mexican telephone lines from the government. He has also increased his wireless carrier company to control over 80% of the countries cellphones, with over 100 million subscribers.

Mr. Microsoft has been at the top of the Forbes list for more than a decade. He has recently been donating large sums to the Bill and Melinda Gates charity.

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